- 03 Oct 2024
- ICICI Securities
NCC BAGS ORDERS WORTH RS 2327 CRORE
News: NCC Ltd has received orders valuing ₹2327 crore (Excluding GST) in the month of September 2024. Out of this orders ₹1417 crore relate to transportation division, ₹520 crore relates to electrical division and ₹390 crore relates to building division. The orders have been received from State Government Agencies and Private limited Company.
Views: The company's standalone order book stood at ₹47625 crore, 2.5x TTM book to bill. The company recently bagged orders worth ₹1236 crore related to irrigation division. With receipt of new orders, revenue visibility receives a further boost as NCC is on track to achieve its order inflow guidance of ₹20000-22000 crore for FY25 factoring in the revival of AP capital city project and Pollavaram irrigation project which is expected to drive ordering opportunity going forward. With robust execution capabilities and well diversified order back log, NCC is poised for growth ahead.
Impact: Positive